Small or medium enterprises (“SME”) reportU.K.
45.—(1) The designated person must provide an SME report for each relevant financial year.
(2) The designated person must provide an SME report within 12 months after either—
(a)the end of the designated person's accounting period, or
(b)the date on which the ongoing contract condition was first met in relation to the relevant financial year,
whichever is the later.
(3) The information in the SME report must relate to the designated person's accounting period.
(4) The report must contain the following information—
(a)a description of the designated person's policies and procedures for engaging with SMEs, including—
(i)any standard contract or payment terms used in relation to SMEs;
(ii)any special assistance provided to SMEs;
(b)a description of any initiatives intended to—
(i)increase opportunities for SMEs to support the delivery of defence contracts; or
(ii)encourage technical innovation by SMEs relevant to such contracts;
(c)an estimate of—
(i)the total revenue which the designated person or any person associated with it received from defence contracts;
(ii)the amount of that total revenue which related to purchasing goods and services for the purpose of defence contracts from persons which are not associated with the designated person; and
(iii)the amount of that total revenue which related to purchasing goods and services from SMEs; and
(d)a description of the extent to which the goods, works or services provided by SMEs have contributed to defence contracts to which the designated person or any person associated with the designated person is party.